Senior Lecturer
BTech (IIT), MS (SIU), PhD (Pitt)
Tel +64 3 479 5124
Office OBS 3.38
Email gurmeet.bhabra@otago.ac.nz
Dr Gurmeet Bhabra joined the University of Otago as a Lecturer in 1996. Prior to this he taught as a part-time lecturer at the University of Pittsburgh. He has also taught at the Australian National University, Nanyang Technological University and the National University of Singapore in the past.
Gurmeet has published in all areas of finance in international refereed journals such as the European Journal of Operational Research, Pacific Basin Finance Journal, Journal of Multinational Financial Management and the Journal of Economics and Finance. His paper on Firm Size and the Pre-Holiday Effect in New Zealand won the best paper award at the 6th International Business Research Conference in Hong Kong in 2007.
He is a regular referee for a number of international journals and serves on the Editorial Advisory Board of the Journal of Money, Investment and Banking. Gurmeet has supervised over 20 graduate theses.
Dr Gurmeet Bhabra CV (232 KB)
Teaching
- Convenor: FINC303
- Convenor: FINC402
Research interests
- Empirical corporate finance
- Corporate control
- Corporate governance
- Dividend policy
- Corporate restructuring
Publications
Ali, K., Nadeem, M., Pandey, R., & Bhabra, G. S. (2022). Do capital markets reward corporate climate change actions? Evidence from the cost of debt. Business Strategy & the Environment. Advance online publication. doi: 10.1002/bse.3308
Butchers, J., Bhabra, G. S., Bhabra, H. S., & Sen, A. (2021). Agency conflicts and the marginal value of capital expenditure in Australian listed companies. Review of Pacific Basin Financial Markets & Policies, 24(1), 2150001. doi: 10.1142/s0219091521500016
Bhabra, G. S., & Rooney, J. (2020). Sarbanes-Oxley, agency conflicts and the marginal value of capital expenditure. Managerial Finance, 46(2), 237-253. doi: 10.1108/MF-10-2018-0471
Chang, Q., Bhabra, H. S., & Bhabra, G. S. (2020). Does the quality of acquisitions inform bond rating revisions? Accounting & Finance, 60, 149-182. doi: 10.1111/acfi.12359
Chou, H.-I., Zhang, R., Bhabra, G. S., & Tan, E. K. M. (2018, December). CEO succession gap and firm performance. Verbal presentation at the 26th Conference on the Theories and Practices of Securities and Financial Markets (SFM), Kaohsiung, Taiwan.
Bhabra, G. S., Powell, J. G., Shi, J., & Ze, T. (2002). Financing issues: SME IPO's in China and Australia. In C. Harvie & B. C. Lee (Eds.), Globalisation and SME's in East Asia. (1st ed.) (pp. 95-115). New York: Edward Elger.
Chapter in Book - Research
Ali, K., Nadeem, M., Pandey, R., & Bhabra, G. S. (2022). Do capital markets reward corporate climate change actions? Evidence from the cost of debt. Business Strategy & the Environment. Advance online publication. doi: 10.1002/bse.3308
Journal - Research Article
Butchers, J., Bhabra, G. S., Bhabra, H. S., & Sen, A. (2021). Agency conflicts and the marginal value of capital expenditure in Australian listed companies. Review of Pacific Basin Financial Markets & Policies, 24(1), 2150001. doi: 10.1142/s0219091521500016
Journal - Research Article
Bhabra, G. S., & Rooney, J. (2020). Sarbanes-Oxley, agency conflicts and the marginal value of capital expenditure. Managerial Finance, 46(2), 237-253. doi: 10.1108/MF-10-2018-0471
Journal - Research Article
Chang, Q., Bhabra, H. S., & Bhabra, G. S. (2020). Does the quality of acquisitions inform bond rating revisions? Accounting & Finance, 60, 149-182. doi: 10.1111/acfi.12359
Journal - Research Article
Bhabra, G. S., Kaur, P., & Seoungpil, A. (2018). Corporate governance and the sensitivity of investments to cash flows. Accounting & Finance, 58(2), 367-396. doi: 10.1111/acfi.12221
Journal - Research Article
Al-Maskati, N., Bate, A. J., & Bhabra, G. S. (2015). Diversification, corporate governance and firm value in small markets: Evidence from New Zealand. Accounting & Finance, 55, 627-657. doi: 10.1111/acfi.12069
Journal - Research Article
Bhabra, G., & Luu, K. H. (2015). Growth, governance and corporate payout policy. Accounting & Finance, 55, 659-681. doi: 10.1111/acfi.12070
Journal - Research Article
Bhabra, G. S., & Wood, C. (2014). Agency conflicts and the wealth effects of proxy contests. Corporate Ownership & Control, 12(1), 8-30.
Journal - Research Article
Anderson, S. T., Bhabra, G. S., Bhabra, H. S., & Lamba, A. S. (2012). Do corporate bond rating revisions convey information about earnings and dividend changes? Corporate Ownership & Control, 9(3), 373-393.
Journal - Research Article
Bhabra, G. S., & Yao, Y. (2011). Is bankruptcy costly? Recent evidence on the magnitude and determinants of indirect bankruptcy costs. Journal of Applied Finance & Banking, 1(2), 39-68.
Journal - Research Article
Bhabra, G. S., Bhabra, H. S., & Boyle, G. W. (2011). Competitive and contagion effects in corporate layoff announcements. Journal of Money, Investment & Banking, 19, 42-54.
Journal - Research Article
Bhabra, G. S., Bhabra, H. S., & Boyle, G. W. (2010). Leverage and the wealth gains from acquisition program announcements. Corporate Ownership & Control, 8(1), 267-280.
Journal - Research Article
Cao, X., Premachandra, I. M., Bhabra, G. S., & Tang, Y. P. (2009). Firm size and the pre-holiday effect in New Zealand. International Research Journal of Finance & Economics, 32, 171-187.
Journal - Research Article
Premachandra, I. M., Bhabra, G. S., & Sueyoshi, T. (2009). DEA as a tool for bankruptcy assessment: A comparative study with logistic regression technique. European Journal of Operational Research, 193(2), 412-424. doi: 10.1016/j.ejor.2007.11.036
Journal - Research Article
Reynolds, M. P., Bhabra, G. S., & Boyle, G. W. (2009). Cash flow, investment and derivative use: An empirical analysis of New Zealand listed companies. International Research Journal of Finance & Economics, 32, 72-82.
Journal - Research Article
Bhabra, G. S. (2008). Potential targets: An analysis of stock price reactions to acquisition program announcements. Journal of Economics & Finance, 32(2), 158-175. doi: 10.1007/s12197-007-9009-z
Journal - Research Article
Campbell, A., Premachandra, I. M., Bhabra, G. S., Tang, Y. P., & Watson, J. (2008). GDP, share prices, and share returns: Australian and New Zealand evidence. Journal of Money, Investment & Banking, 5, 28-56.
Journal - Research Article
Bhabra, G. S. (2007). Insider ownership and firm value in New Zealand. Journal of Multinational Financial Management, 17, 142-154. doi: 10.1016/j.mulfin.2006.08.001
Journal - Research Article
Bruce, L. C., & Bhabra, G. S. (2006). Dogs-of-the-Dow contrarian investment: Does it work in New Zealand? International Journal of Finance, 18(4), 4183-4203.
Journal - Research Article
Bhabra, G. S., Ferris, S., Sen, N., & Yen, P. P. (2003). Corporate governance in Singapore: The impact of directors' equity ownership. Advances in Financial Economics, 8, 29-46.
Journal - Research Article
Bhabra, G. S., Powell, J. G., & Jeong, J. (2002). Dividend smoothing and the cross-sectional determinants of corporate payout policy. Advances in Financial Economics, 7, 163-183.
Journal - Research Article
Bhabra, G. S., Powell, J. G., Gonzalez, M. L., & Myeong Sup, K. (2001). Volatility prediction during prolonged crisis: Evidence from Korean index options. Pacific-Basin Finance Journal, 9, 147-164.
Journal - Research Article
Bhabra, G. S., Bennett, J., & Hislop, K. (2000). Co-movement of dually listed stocks. Advances in Financial Economics, 5, 53-72.
Journal - Research Article
Bhabra, G. S. (2013). Growth, governance and corporate payout policy. Proceedings of the New Zealand Finance Colloquium. Retrieved from http://www.nzfc.ac.nz/archives/2013/programme/
Conference Contribution - Published proceedings: Full paper
Bhabra, G. S., Gonzalez, M. L., Myeong Sup, K., & Powell, J. G. (1999). Can option traders predict financial crises. Proceedings of the 8th Conference on the Theories and Practices of Security and Financial Markets. (pp. 1-19). Taiwan. [Full Paper]
Conference Contribution - Published proceedings: Full paper
Premachandra, I. M., Bhabra, G. S., & Buchanan, R. (2005). Predicting corporate bankruptcy. Proceedings of the 17th Triennial Conference of the International Federation of Operational Research Societies. (pp. 42). Hawaii: INFORMS. [Abstract]
Conference Contribution - Published proceedings: Abstract
Bhabra, G. S., Buchanan, R., & Premachandra, I. M. (2004, July). Predicting corporate bankruptcy: Data envelopment analysis as an alternative to logistic regression technique. Poster session presented at the Accounting & Finance Association of Australia and New Zealand Annual Conference, Alice Springs, Northern Territory.
Conference Contribution - Poster Presentation (not in published proceedings)
Chou, H.-I., Zhang, R., Bhabra, G. S., & Tan, E. K. M. (2018, December). CEO succession gap and firm performance. Verbal presentation at the 26th Conference on the Theories and Practices of Securities and Financial Markets (SFM), Kaohsiung, Taiwan.
Conference Contribution - Verbal presentation and other Conference outputs
Bhabra, G. S., Premachandra, I. M., & Hoult, R. (2000, July). Predicting management buyouts using Data Envelopment Analysis. Verbal presentation at the 5th Conference of the Association of Asian-Pacific Operations Research Societies, Singapore.
Conference Contribution - Verbal presentation and other Conference outputs
